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when the reality is that millions of americans have already gone over the fiscal cliff. and so this is a conversation that in some regards is a waste of time in washington, we ought to be talking about creating jobs and not about deficit reduction. it troubles me when the president himself even seems to go for that line about deficit reducti reduction. it ought to be about job kraeks. >> is he being bold enough? because the one thing everybody hoped, president obama, second term, would come out fighting and swings and be the obama they came out voting for four years ago. and this moment, it doesn't strike me as being too audacious. >> one thing i hoped he wouldn't create in the second term, too much compromise, capitulating to the republicans, everybody saw what he was up against in the first term. and i just don't want to see him again let the republicans clean his clock. over the past couple of days, irskin bowles said earlier today, i saw on the internet that when he met with the president, the president signalled he may be willing to talk about the raising of taxes.
when the reality is that millions of americans have already gone over the fiscal cliff. and so this is a conversation that in some regards is a waste of time in washington, we ought to be talking about creating jobs and not about deficit reduction. it troubles me when the president himself even seems to go for that line about deficit reducti reduction. it ought to be about job kraeks. >> is he being bold enough? because the one thing everybody hoped, president obama, second term, would...
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence...
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Dec 6, 2012
12/12
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. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, whe
. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in...
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Dec 1, 2012
12/12
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. >> susie: with all the slings and arrows on capitol hill this week abt the fiscal cliff, americans are finding little to laugh at. and tonight that's got lou thinking about having a sense of humor. here's author and educator lou heckler. >> because i use a lot of humorous stories in the speeches i give, i am often asked: what if you don't have much of a sense of humor? i think we all have the capability to enjoy humor. i also know lots of things get in the way: stressful and exacting jobs, maybe health problems you have or someone close to you has. those are real and they can be barriers. that said, i can't think of anything that keeps life in perspective more than cultivating and usina sense of humor. i remember my mother and dad saying this about someone they admired: he's cool, calm, and collected. i think those three apply to well-placed humor, too. cool brings a burst of fresh air into situations that can get overheated. calm: it's hard to be funny and angry at the same time. if you are both, that's sarcasm. collected: the shortest distance between two people is a smile. we co
. >> susie: with all the slings and arrows on capitol hill this week abt the fiscal cliff, americans are finding little to laugh at. and tonight that's got lou thinking about having a sense of humor. here's author and educator lou heckler. >> because i use a lot of humorous stories in the speeches i give, i am often asked: what if you don't have much of a sense of humor? i think we all have the capability to enjoy humor. i also know lots of things get in the way: stressful and...
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Nov 29, 2012
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to pressure congress to back away from the "fiscal cliff." >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: he will take his case on the road friday and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year without delay. >> campaign for his position i did it we understand it but at the end of the day he has to lead on this issue. >> reporter: while congressional leaders meet behind closed doors, some of the biggest names in corporate america are here on capitol hill meeting with lawmakers pushing for solutions. former tennessee governor told lawmakers everything needs to be on the table. >> i do think there's a broad recognition that it has to be both revenues and serious work on entitlements to make it happen. >> reporter: taxes are still the main sticking point. while president obama wants tax cuts to expire for the most wealthy americans, most americans don't. one told his gop colleagues to sign off on the middle class tax cut extension. the house speaker i
to pressure congress to back away from the "fiscal cliff." >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: he will take his case on the road friday and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year without delay. >> campaign for his position i did it we understand it but at the end of the day he has to lead on this issue. >>...
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Nov 30, 2012
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he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists th
he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy...
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Dec 4, 2012
12/12
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... a
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the...
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Dec 6, 2012
12/12
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michael, on your deadline fiscal cliff we know when it happens january 1. the president's got his plan, the republicans have sort of a plan. the center for american progress came out with its own this week, why? you don't think the others are good enough? >> well, what we saw as a real need was a plan for comprehensive tax reform. not just nibbling around the edges but really trying to do something big and bold that would not only raise the revenue that we need and we do absolutely need to raise revenue but fix the problems in the tax code and we don't think that that's something that's going to happen in the next three weeks. we do think that that's something that's going to happen or could happen over the next year. and the parameters for that might be agreed upon in the next few weeks. we really wanted to put that out there and say listen, here are some really good ideas on how to really fundamentally reshape -- >> bill: first two or three points, what are you proposing in terms of raising the tax rates for the wealthiest go up? what else? >> the basic p
michael, on your deadline fiscal cliff we know when it happens january 1. the president's got his plan, the republicans have sort of a plan. the center for american progress came out with its own this week, why? you don't think the others are good enough? >> well, what we saw as a real need was a plan for comprehensive tax reform. not just nibbling around the edges but really trying to do something big and bold that would not only raise the revenue that we need and we do absolutely need...
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Dec 5, 2012
12/12
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that fiscal cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check, her lifeline. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she's not alone. without a deal, unemployment compensation will end for more than 2 million people who've been out of work for more than 26 weeks. many of the unemployed started receiving the news this week from pre-recorded phone calls, like this one in washington state. >> emergency unemployment compensation shuts off at the end of de
that fiscal cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a...
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Nov 29, 2012
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the american people want us to avoid the fiscal cliff with a balanced approach. and they want us to do it right now. the average middle-class family is staring at a tax increase of $2,200 come january 1st. we're simply not going to let that happen. if it happens, it'll be under the leadership of the speaker of the house of representatives, john boehner. we'll protect the middle class and we know that we'll have -- there'll be pain on both sides. we know that. but to forge a balanced agreement, we need the republicans to come forward with something. it's time to listen to the american people. and that is really a valid statement. the vast majority of independents support what the president has sent to the republicans in the house. the vast majority of democrats support it. more than 40% of the republicans support this proposal. the republicans need to show us that they can help lead this country. senator durbin? >> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. esse
the american people want us to avoid the fiscal cliff with a balanced approach. and they want us to do it right now. the average middle-class family is staring at a tax increase of $2,200 come january 1st. we're simply not going to let that happen. if it happens, it'll be under the leadership of the speaker of the house of representatives, john boehner. we'll protect the middle class and we know that we'll have -- there'll be pain on both sides. we know that. but to forge a balanced agreement,...
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Dec 6, 2012
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. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business executives, calling for a balanced approach combining taxes with cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. pol
. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business...
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Dec 4, 2012
12/12
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. but i'm still stubbed up
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf....
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Dec 6, 2012
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. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs and with 26 days until that deadline, the painful reality is just becoming more clear. >> at 3:00, they want to start us closing on wednesday at noon. >> reporter: a social security employee for 30 years he is joining fellow federal workers across the u.s. to spread the word that the "fiscal cliff" is looming and at stake, social security benefits for millions. >> they seem to go for the people who had the least political pull, poor, disabled, people in east oakland. >> reporter: people like a social secure recipient who relies on every federal dollar. if these benefits were to be cut how would this affect you and your friends? >> oh, wow. you know, i wouldn
. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs and with 26 days until that...
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Dec 3, 2012
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we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal. >> david faber's hair. >> you put them in a room. you tell them they're going to sit there until the deal is done. day three, no more food. day five, no water. day seven, the waterboarding begins. that would get it done. >> and the president should be there, too. >> the president does work five days a week. >> but not in the same room. but he is home. he's already home. >> but listen, they spend too much time raising money. if they did a good job, they wouldn't have to raise as many money. if they got paid for performance, they wouldn't have any money. >> are you going to run for linda mcmahon's s
we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal....
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Dec 7, 2012
12/12
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. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers. hat grown worse after he put in plac
. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and...
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Nov 29, 2012
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also the fiscal cliff. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. >>> i would say the irs always wins. >> but your odds of winning are slim. >> but it will be less if i don't play. >> wise words the irs always does win. but we know dave ramsey spirited debate there between the lottery in iowa and somebody who things it is a curse on society. if i was to win tonight and i'm going to be purchasing tickets. should i take the lump sum or the other option the cash option? >> annuity right? you can take it over a number of years. which one should i do? >> i'm a side bar on a second and come back if i can. i think he sounds like a nice gentleman but we need to know that the lottery that are targeting the
also the fiscal cliff. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. >>> i would say the irs always wins....
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Dec 4, 2012
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so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the pr
so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in...
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Dec 7, 2012
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cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally adjourn by the end of the year on december 14th but house majority leader says they will stay in session until a cred credible solution is worked out. >>> it could be a big day in the battle o of same sex mainly. the -- marriage. the justices are being asked to overturn a lower court ruling that the prop 8 ban on gay marriage is unconstitutional. they may decide to hear the case or they could let the ruling by the lower court stand which could pave the way for gay marriages to resume in california. >>> a man is in serious condition after falling 30 feet at the oakland coliseum. it happened last night during the raider b
cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally...
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Dec 5, 2012
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concerned about how deep spending cuts made to avoid the fiscal cliff would affect native-american issues. and you may remember yesterday, the president met with a group of six governors on this issue. this has become the primary focus on washington. alison burns is in our d.c. newsroom with more on this. >> reporter: that's right, tori. president obama is trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that pres
concerned about how deep spending cuts made to avoid the fiscal cliff would affect native-american issues. and you may remember yesterday, the president met with a group of six governors on this issue. this has become the primary focus on washington. alison burns is in our d.c. newsroom with more on this. >> reporter: that's right, tori. president obama is trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says...
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Nov 29, 2012
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going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to overt the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester. and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it will be impossible to address the debt crisis and get our economy going again and create jobs. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. time for the president, congressional democrats to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> doctor would you not tell democrats what specific spending cuts you would like to see? >> it's been clear over the last year and a half i've talked to the president about many of them. you can look at our budget where we drought l
going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to overt the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester. and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it will be impossible to...
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they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far no charges have been filed a
they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared...
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cliff if republicans don't agree to take hikes on the richest americans. and so we welcome peter alexander, at the ranks of the white house correspondents, with a look at all of it. >> reporter: brian, good evening, on the north lawn, the phone call marks the first time speaker john boehner and the president spoke in a week, that is hardly something to celebrate, but they wouldn't characterize what they caused in the phone call as the country barrels towards the fiscal cliff. with no talks and no progress to avert the looming fiscal cliff, you could say the house has left the building, streaming out of the capitol. tomorrow's session cancelled. with only three work days left this year, they are often criticized. just 16 votes. across the country, rising frustration, americans asking why the holdup. and what will their taxes look like in 2013. >> maybe instead of getting my sister two things, you give one thing, you have to give pause on what could happen next year. >> reporter: today, president obama and house republicans are locked in a politicalstair sta
cliff if republicans don't agree to take hikes on the richest americans. and so we welcome peter alexander, at the ranks of the white house correspondents, with a look at all of it. >> reporter: brian, good evening, on the north lawn, the phone call marks the first time speaker john boehner and the president spoke in a week, that is hardly something to celebrate, but they wouldn't characterize what they caused in the phone call as the country barrels towards the fiscal cliff. with no...
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it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. the investigation continues. >>> and essex street is opening back up after being closed by a violent early-morning crash. the driver hit a fire hydrant at folsom street while police were trying to pull him over. claudine wong has been on this story all morning. you are back. >> reporter: that's right, dave. within the last minute, the crews have cleared out. you can see the street is back open for business. i think the building inspector for the city just left. you can see one gentleman picking unfinal pieces. this cleared up and they will be able to allow the buses and the taxis back in and get everyone back to normal. let's show what it looked like earlier this morning so you get a idea idea what it was. we just showed you video of this fire hydrant shooting water 30 feet in the air. that happened after a
it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. the investigation continues. >>> and essex street is opening back up after being closed by a violent early-morning crash. the driver hit a fire hydrant at folsom street while police were trying to...
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thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern california, into portland and seattle. this is the fourth big rainmaker to hit that area in a week. and this time, it could dump up to five inches of rain and cause even more flooding and destruction. abc's brandi hitt has the latest. >> reporter: after several days of drenching rain, downed trees, flooding and rockslides, families throughout the west are finally getting a break in the severe weather to clean up. three storms have slammed through the region in less than a week, dumping up to a foot of rain in some areas. washing out entire roads. and even creating this 20-foot sinkhole in lafayette, california. the other big
thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern...
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. >>> this is a 9 news fiscal cliff note. >> fact, unemployment checks will stop. 5million americans are receiving unemployment checks right now. if the nation heads over that fiscal cliff, four out of 10 unemployed americans will have a tougher time getting by. at the height of the jobs crisis congress passed federally backed emergency unemployment programs so states wouldn't run out of money for jobless benefits. now why is this happening? these programs have passed on a temporary basis because lawmakers hoped the economy would be in better shape by now. it's all part of an effort to slash $503 billion from the federal budget deficit through tax increases and deep spending cuts. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> right now the search for a sexual predator who hides behind a mask, prince william county police say that man tricked, then attacked a hotel clerk at an econo lodge in woodbridge. he called the clerk posing as a guest locked out of his room. the clerk headed to the room and in the stairwell that man
. >>> this is a 9 news fiscal cliff note. >> fact, unemployment checks will stop. 5million americans are receiving unemployment checks right now. if the nation heads over that fiscal cliff, four out of 10 unemployed americans will have a tougher time getting by. at the height of the jobs crisis congress passed federally backed emergency unemployment programs so states wouldn't run out of money for jobless benefits. now why is this happening? these programs have passed on a...
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solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. for the country and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, a couple things. first, on the issue of tax rate, are you willing to accept no deal that includes some increase in those top tax rates? i'm also wondering what are final deadline on this is? how much longer can this back and forth go? when do we have to have a deal -- >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table. revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long ti
solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. for the country and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, a couple things. first, on the issue of tax rate, are you willing to accept no deal that includes some increase in those top tax rates? i'm also wondering what are final deadline on this is? how much longer can...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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that's the american way. and then there was this on the fiscal cliff from a.t. in manassas. he says fear not the fall. the bush era tax cuts were never meant to be permanent. i don't look forward to more taxes, but the hard facts is to get out of debt somebody has to pay. the other part of the cliff is spending. congress needs to pull back spending, but that's highly unlikely without being forced. i say let it fall. i'd agree if we had no other choice, but from where i sit going off that fiscal cliff represents a disastrous failure of leadership at the top level and i think we need to demand better. >>> also speaking of something better we got this simple prescription from tony. after watching all the republicans and democrats cheering together at the last washington redskin game maybe rg3 should be asked to negotiate the fiscal cliff discussions. i'm just saying. i'm wishing it was so, tony, but i think managing those characters over on pennsylvania avenue might be too much even for our rookie phenom. i'd settle for him whooping the ravens gangnam style. i also want some e-
that's the american way. and then there was this on the fiscal cliff from a.t. in manassas. he says fear not the fall. the bush era tax cuts were never meant to be permanent. i don't look forward to more taxes, but the hard facts is to get out of debt somebody has to pay. the other part of the cliff is spending. congress needs to pull back spending, but that's highly unlikely without being forced. i say let it fall. i'd agree if we had no other choice, but from where i sit going off that fiscal...
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the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british style signs. on. the. market why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report. if. soon which brightened a few nibbles from finest impressions. screens totty dot com. will fall into the true science technology innovation all the news developments from around russia we've got the future covered. it all. skewed. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for tuesday december fourth two thousand and twelve the g.o.p. has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving
the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british style signs. on. the. market why not come to. find out what's really happening to the global economy with max cons or for a no holds...
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cliff of american politics and just what it bodes for all of us that's up next with lower mr with kind of the account from washington i'll be back with more news in just over half an hour. culture is that so much of a different issue a huge musician apparently finding the mark with kurds would seem like a fantasy only two years ago could become a reality very soon but a strong sense of identity and spread across the middle east because. if. russia would be soon which brightened if you knew about someone from finest impressions. whose friends don't on t.v. don't come. to the east be july which. means programs and documentaries in arabic it's all here on all t.v. reporting from the world talks books that will be our piece interviews for intriguing stories for you to. see in troy the arabic to find out more visit arabic don't all teeth dot com. you. could afternoon welcome to capital account i'm lauren lyster here in washington d.c. these your headlines for tuesday december fourth two thousand and twelve the g.o.p. has made a counteroffer to the white house on the fiscal cliff and the end
cliff of american politics and just what it bodes for all of us that's up next with lower mr with kind of the account from washington i'll be back with more news in just over half an hour. culture is that so much of a different issue a huge musician apparently finding the mark with kurds would seem like a fantasy only two years ago could become a reality very soon but a strong sense of identity and spread across the middle east because. if. russia would be soon which brightened if you knew...
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cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> wha
cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said,...
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cliff" >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns plan." the proposal was dreamed up by pollers to test how many people would speak on something they clearly don't know anything about. eight-percent of those polled supported the mythical plan and 17- percent in contrast, 39- percent of voters were willing to share their thoughts about the "simpson- bowles" deficit policy up for debate in >> you don't have to look >> >> nobody wants to get this done more than me. >> >> but key players aren't talking in the same room. congressional aides say they're not even >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this but they have to be willing to come to the table with specifics. i think the next 72 hours >> some lawmakers are going back to their districts. congress has little scheduled business for the rest of the we
cliff" >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns plan." the proposal was dreamed up by pollers to test how many people would speak on something they clearly don't know anything about. eight-percent of those polled supported the mythical plan and 17- percent in contrast, 39- percent of...
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rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't we, instead of throwing insults, why don't they just pick up and pass that part as their own republican, tom cole suggested, let's have some good faith here, and we'll hammer out the rest of it. >> so senator, one thing you say about show me the money, if we talk about the lack of structural changes that are out there for entitlements, nbc's first read makes that point about that saying that the white house is sending the message that if republicans want entitlement reform, they're the ones who have to propose it. so is the white house forcing republicans basically to do the dirty work on social safety n
rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't...
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want to see in a fiscal cliff solution. exclusive results of our cnbc all-america economic survey. back to scott and the "fast money halftime report." see you in a few. on the cliff, top lawmakers speaking on the hill this hour about that very topic, eamo eamon javers is in d.c. with the latest on the negotiations. >> well we've heard from just about everybody in town except for speaker boehner. scott it feels like we're getting some deal making behind the scenes and i'll tell you why it feels that way. we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white house proposal and then republic
want to see in a fiscal cliff solution. exclusive results of our cnbc all-america economic survey. back to scott and the "fast money halftime report." see you in a few. on the cliff, top lawmakers speaking on the hill this hour about that very topic, eamo eamon javers is in d.c. with the latest on the negotiations. >> well we've heard from just about everybody in town except for speaker boehner. scott it feels like we're getting some deal making behind the scenes and i'll tell...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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going over the "fiscal cliff" to most economists is really stupid. if it happens, we would go into a recession. >> reporter: and with no deal reached, who is to blame for all the this washington gridlock? just ask the american people. according to a new pugh research poll, 53% blame the republicans. 27% blame the president. we'll be watching. >> that's interesting, all those dollars that you just added up for california, multiply that by the other 49 states. >> reporter: it's a really scary thought. they have to solve this. >> grace lee, thank you. >>> a new study could change the current standard of care in breast cancer treatment. british researchers say that breast cancer patients who took tamoxifen for 10 years instead of the usual 5 were less likely to die from the disease. and less likely to have their cancer come back. >> if it's particularly in the second 10 years, that's very- ful i think for that group of women -- that's very helpful i think for that group of women who have been worrying until now. >> tamoxifen is a top breast cancer drug t
going over the "fiscal cliff" to most economists is really stupid. if it happens, we would go into a recession. >> reporter: and with no deal reached, who is to blame for all the this washington gridlock? just ask the american people. according to a new pugh research poll, 53% blame the republicans. 27% blame the president. we'll be watching. >> that's interesting, all those dollars that you just added up for california, multiply that by the other 49 states. >>...
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the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spending next year. now, it doesn't promise $400,000,000,000 worth of spending cuts but congressional republicans call the deal unbalanced and unreasonable and saying there is not enough spending cuts and reforms. the one good piece of -- piece of good news to the white house on this is it shows president obama is opening strong not conceding. we will be right back. arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. i want this show to have an impact beyond just informing. an impact that gets people to take a
the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spending next year. now, it doesn't promise...
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liz: could americans be facing a fiscal food cliff at the supermarket. listen, there are all kinds of tentacles on this story. jeff flock is in woodstock, illinois. ah. >> i am looking at one of the nation's future milk producers although, right now she is interested in getting a little more milk herself. i don't think much luck with that right now. would you like to pay more for milk at the store because of the fiscal cliff, in part, i will explain why that is a possibility. man. she is hungry one. back in a minute. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.m today. and now you're protected. get started at le
liz: could americans be facing a fiscal food cliff at the supermarket. listen, there are all kinds of tentacles on this story. jeff flock is in woodstock, illinois. ah. >> i am looking at one of the nation's future milk producers although, right now she is interested in getting a little more milk herself. i don't think much luck with that right now. would you like to pay more for milk at the store because of the fiscal cliff, in part, i will explain why that is a possibility. man. she is...
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in six minutes, rita williams will tell us about a new poll on the fiscal cliff. do americans think it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and bookmakers are taking odds. bets are being taken to if name of the expected babies. traditional names of royals such as elizabeth, victoria and williams are still the favorite. >>> a hollywood landmark is getting a make over. the last minute opposition to a bay area sheriff's purchase of an aerial drone. >> it's like the worse nightmare imaginable. it's like this isn't true. >> while in dialysis and (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey
in six minutes, rita williams will tell us about a new poll on the fiscal cliff. do americans think it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and bookmakers are taking odds. bets are being taken to if name of the expected babies. traditional names of royals such as elizabeth, victoria and williams are still the favorite. >>> a hollywood...
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more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just sit back, relax. the fiscal cliff is not a big deal. i'll quote one here. it's unlikely all of these bad things happen or stay in effect for an extended period of time. pundits call if the fiscal cliff smoke that is, instead o a cliff, the rising support for junking the fiscal approach as confusing and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world rep
more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend...
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. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday. this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal cliff. >> we don't want to see our public hurt in any way. >> just down t
. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal...
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12/12
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polls show if we go over a fiscal cliff the american people blame republicans. >> they will blame republicans. >> john: how do you make it the president's doing? >> it's going to be very difficult. he knows he is in a powerful position. he has got, he has got -- politically he has got opposition to things like raising the age on medicare on his side. not going to budge on that. he has got the fact that jeff whelmingly people want to tax the rich. even though it might be bad for the economy or bad for small businesses. it's a political win for him. so he has every interest in dragging this thing out. and hitting republicans over the head. i somewhat disagree with charles. i'm not sure he is going to take the leap over the cliff. one possible point of compromise on taxes might be the buffet rule, where you put a minimum tax on people who earn just $1 million and above. i could see republicans possibly swallowing that. but not sure >> john: charles, lately there has been talk, too, that the republicans may give on tax rate increases if they can hold the president's feet to the fire over spending
polls show if we go over a fiscal cliff the american people blame republicans. >> they will blame republicans. >> john: how do you make it the president's doing? >> it's going to be very difficult. he knows he is in a powerful position. he has got, he has got -- politically he has got opposition to things like raising the age on medicare on his side. not going to budge on that. he has got the fact that jeff whelmingly people want to tax the rich. even though it might be bad...